Browse Data and Analysis

Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent.

Fueled by a rebound in hospitality and food service, the Philippine economy outperformed Singapore, Thailand, Malaysia, and Indonesia in 2023 despite inflationary pressure. Total U.S. agricultural and related exports to the Philippines reached $3.6 billion in 2023 with U.S. consumer-oriented and intermediate agricultural exports ranking the highest in Southeast Asia.

Local ethanol production is expected to increase through 2018 with import growth not expected to fully offset rising demand.

The Philippines imports virtually all of its dairy products, especially milk powder, as domestic production cannot meet the country’s dairy requirement of 2 million metric tons (MMT) liquid milk....

The Philippines’ rapidly expanding production of processed foods and beverages presents robust opportunities for U.S. exporters of agricultural raw materials and high-value ingredients.

The U.S. continues to be the Philippines’ largest supplier of agricultural products, and the Philippines is its 11th largest global market.